Nearly bankrupt photographer Annie Leibovitz has received an extension from the high-class pawnbroker to whom she owes $24 million —Art Capital Group has dropped their lawsuit against her and refinanced her debt to keep her out of bankruptcy.

Vanity Fair contributing editor and Graydon Carter pal Fran Lebowitz has some words of advice for a certain similarly named colleague. Annie Leibovitz, your ears are burning.

The deadline for Annie Leibovitz to repay her $24 million loan from Art Capital Group passed last night at 11:59 p.m. She didn't (her spokesman says she's trying to "work things out"), but Art Capital is mum. What's going on?

Poor Annie Leibovitz can't catch a break! An Italian photographer's suing Leibovitz for allegedly stealing his work and passing it off as her own. Of course, that's hardly the worst thing on her plate right now.

Annie Leibovitz should probably just file for bankruptcy before her $24 million loan to Art Capital comes due. But could she have repaid the loan already, if she'd just sold her damn houses? Bloomberg thinks so!

The Way We Live Now: Gap-toothed. Too poor to get a falsie to complete our smile. Lawyers aren't making it! Kitschy yuppie bars on skid row are losing ambiance! Nine trillion dollars in debt is a lot. A lot.

How did Annie Leibovitz end up $24 million in the hole? New York magazine's Andrew Goldman has cataloged her wildly ill-advised spending flourishes. Oh, and the money behind her glorified pawnshop loan came from none other than Goldman Sachs.

There are new details in Art Capital Group's ongoing legal battle with celebrity photographer/pauper Annie Leibovitz: Art Capital has also sued Getty Images, alleging that the giant photo agency tried to undermine its deal with Leibovitz.

Vanity Fair editor Graydon Carter has an interest-free $5.3 million mortgage on his four-story greek revival townhouse in Greenwich Village, courtesy of his sweetheart deal with Condé Nast. What's he pay? Oh, $2,083 a month.

Annie Leibovitz dug herself so deeply into debt that she was forced to mortgage her photographs to a high-end pawn shop to pay off her creditors. Who did she owe money to? None other than Condé Nast, her biggest patron.

You know the Times' Styles section was eventually going to pitch in on the fiscal trials and tribulations of Annie Leibovitz. They delivered, filing a quote-happy roundup on the matter, starring Tina Brown and Graydon Carter, defending their friend.

Annie Leibovitz, perhaps the highest-paid celebrity photographer in the world, is profoundly broke. She hocked every photograph she's ever produced and now the high-end pawnshop that gave her $24 million has filed suit to force her to sell it all.

Things at the House of Harvey haven't been going well, and now it's reported that they've brought in a financing firm to restructure their debt, and figure out how to cover the boat's holes before it fills with water.

Hillary Clinton is holding a contest to sucker people into paying her debt to Mark Penn. You can choose a prize, including a not-creepy-at-all day with Bill Clinton. We ask, which is the most bearable?

Rumors of pending layoffs at Viacom have been floating around for weeks now. The media conglomerate is in terrible debt, and just yesterday announced that it's canceling its holiday parties from coast to coast. Today, a tipster has sent us an internal memo from Bob Bakish, the head of MTV Networks, that grimly alludes to "unprecedented economic challenges" that have caused a hiring freeze, and will affect spending "dramatically" through the entire coming year. Will the company start off the new year with a round of layoffs? Eminently possible. Bakish's full internal email, after the jump:

Oh, this is really not what you want to hear if you are a fan of the newspapers, or journalism as a whole, or especially if you're an investor in the NYT Co.: In the wake of shitty third-quarter earnings, the ratings service Moody's is warning that it may downgrade the company's debt to junk status. It's currently at Baa3, the lowest rating before junk. A downgrade would make it even harder for the company to borrow money, which—without going into a lot of financial mumbo-jumbo—is not what they need right now (Pictured: their year-to-date stock price). Financial mumbo-jumbo quote from Moody's analysts below:

Want to get knocked up by a blond Frankenstein who thinks everything in life is attributable to genetics? All you have to do is pay off his college debt! This Craigslist user will provide you with his "A+" manseed if you relieve him of his responsibility to pay for the education he's received. Just what is "A+" sperm? It's "Irish/Danish. 6', blond, light green eyes, great complexion, great teeth (never needed braces), very well endowed, can eat anything—and not gain weight, natural abdominal six pack." How like a god! Also? Genetics makes this specimen, "Very much into athletics, music, the arts, business..." Plus: "I believe I have great taste." Click through for a bigger pic. By the way, maybe delete the part about being Irish? The bottle is the curse of you people. [Craigslist]

The Minneapolis Star-Tribune is in severe financial distress, of course, because it is a newspaper. It was sold (at a loss) by McClatchy in 2006 to a private equity firm, and has reliably lost value ever since. Though it still "makes money" in the strictest sense of the term! The paper has already laid off 100 newsroom people and put its headquarters up for sale, but now the company has hit on a new strategy for saving money: not paying the bills! The paper announced that it won't be paying creditors this quarter.

Packing their bindles, cutting the fingers off their gloves, and can-opener-ing the tops of their top hats, the family of humble talk show host Oprah Winfrey is desperately heading for the boxcars, which they'll ride to the sweet misty mysterious hills of West Virginia to live as vagabond hill-hobos until their whimsical, harmonica-tuned, moonshine-soaked deaths. Yes the family is in financial ruin, as evidenced by their being sued by a Wisconsin clothing store over an unpaid $155,000 debt run up by Winfrey's mother, Vernita Lee. She was supposed to pay in $2000 increments, but she didn't for some reason. Why this is remotely news—because surely Winfrey could take off one of her sensible loafers and shake out that much in Sacagaweas and settle this unseemly matter right away—is kind of beyond us, but at least it's not politics!

Annie Leibovitz, the 58-year-old photographer who cried "Art!" when she took those creepy, porn-y pictures of underage actress Miley Cyrus for Vanity Fair and that racist, King Kong-ish shot of Lebron James on the cover of Vogue, is also so ethereal that she doesn't even pay her bills. According to court documents, the shock-happy shutterbug has racked up debts to the tune of $715,000, even though she supposedly rakes in more than $2 million a year for her headline-grabbing work at Conde Nast.